Southwest Iowa Renewable Energy Balance Sheet Health
Financial Health criteria checks 4/6
Southwest Iowa Renewable Energy has a total shareholder equity of $94.5M and total debt of $38.9M, which brings its debt-to-equity ratio to 41.2%. Its total assets and total liabilities are $161.6M and $67.1M respectively. Southwest Iowa Renewable Energy's EBIT is $9.8M making its interest coverage ratio 5.8. It has cash and short-term investments of $92.0K.
Key information
41.2%
Debt to equity ratio
US$38.91m
Debt
Interest coverage ratio | 5.8x |
Cash | US$92.00k |
Equity | US$94.50m |
Total liabilities | US$67.08m |
Total assets | US$161.58m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SWIO.U's short term assets ($58.9M) exceed its short term liabilities ($28.2M).
Long Term Liabilities: SWIO.U's short term assets ($58.9M) exceed its long term liabilities ($38.9M).
Debt to Equity History and Analysis
Debt Level: SWIO.U's net debt to equity ratio (41.1%) is considered high.
Reducing Debt: SWIO.U's debt to equity ratio has increased from 25.7% to 41.2% over the past 5 years.
Debt Coverage: SWIO.U's debt is well covered by operating cash flow (76%).
Interest Coverage: SWIO.U's interest payments on its debt are well covered by EBIT (5.8x coverage).